Coral Springs Taxes May Drop 9.3 Percent

CORAL SPRINGS - — Despite higher property values, residents in Broward's third-largest city will pay less in taxes for the coming fiscal year - if the city's budget is adopted as proposed.

The proposed budget has a tax rate of $4.12 for each $1,000 worth of taxable property value, a 9.3 percent drop from this year's tax rate. For example, a homeowner with a $150,000 home, claiming a $25,000 homestead exemption, would pay $515 in city taxes. That figure doesn't include a special fee of $37.32 for emergency medical services, or $24.66 for fire service. With those taxes, now pending approval by the City Commission, the homeowner would pay a total of $577.

City officials said the decreased tax rate resulted from budget cuts in City Hall, public-private partnerships to pay for city projects and an EMS fee that is less than that imposed by the county in previous years.

Those measures, officials said, were enough to offset an 8.7 percent increase in the city's taxable property value.

The new budget would take effect on Oct. 1 if approved by the City Commission after two public hearings in September.